UWM Holdings Corporation operates as the publicly traded indirect parent of United Wholesale Mortgage, a residential mortgage lender that originates loans exclusively through the wholesale channel. The company works with independent mortgage brokers and originates primarily conforming and government loans across all 50 states and the District of Columbia.
Company updates commonly address loan origination volume, revenue and earnings, dividend declarations, mortgage servicing operations, proprietary technology platforms and broker-channel initiatives. UWMC news also includes capital-structure and governance matters, including public-float and share-liquidity activity involving SFS Holdings, as well as material agreements and shareholder voting matters.
UWM Holdings (NYSE: UWMC) reported its Q2 2024 results with total loan origination volume of $33.6 billion, including $27.2 billion in purchase volume. The company achieved net income of $76.3 million and diluted earnings per share of $0.03. Key highlights include:
- Total gain margin of 106 bps in Q2 2024
- Adjusted EBITDA of $133.1 million
- Total equity of $2.3 billion as of June 30, 2024
- Available liquidity of approximately $2.7 billion
UWM continues to dominate the purchase market and is well-positioned for future growth. The company launched new initiatives like TRAC+ and ChatUWM, and was announced as the official mortgage partner of the NBA and WNBA.
UWM Holdings (NYSE:UWMC), the parent company of United Wholesale Mortgage, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Tuesday, August 6, 2024, at 10:00 a.m. ET. UWM, recognized as the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will release its financial highlights via a press release on its investor relations website prior to the call.
Interested parties can register for a toll-free dial-in number to participate in the call. The company will also provide an audio webcast, taped replay, and transcript on its investor relations website for those unable to attend the live call.
UWM Holdings (NYSE: UWMC) reported a first quarter net income of $180.5 million, with loan origination volume reaching $27.6 billion, including a purchase volume of $22.1 billion. The company showed positive growth in both volume and margin, with a notable increase in loans originated compared to the previous year. Despite a higher rate environment, UWM displayed strong performance, highlighting the soundness of its strategy and business health. The company also announced key operational metrics, non-GAAP metrics, and business highlights for the first quarter of 2024.
UWM Holdings (NYSE:UWMC) will announce its Q1 2024 results on May 9, 2024. The company, parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender in the U.S., will host a conference call for analysts and investors to review the financial highlights.
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